BlackRock Multi-Sector Income Trust (NYSE:BIT) Plans Monthly Dividend of $0.12

BlackRock Multi-Sector Income Trust (NYSE:BIT) announced a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.1237 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Tuesday, September 15th.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $11.72 on Friday. The firm has a 50 day simple moving average of $12.16 and a 200 day simple moving average of $12.46. BlackRock Multi-Sector Income Trust has a fifty-two week low of $11.71 and a fifty-two week high of $13.93.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter valued at $28,000. Global Retirement Partners LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the second quarter worth about $29,000. CoreCap Advisors LLC raised its holdings in BlackRock Multi-Sector Income Trust by 76.9% during the 2nd quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock worth $86,000 after purchasing an additional 3,000 shares during the last quarter. Harbour Investments Inc. bought a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter worth about $94,000. Finally, Comerica Bank raised its holdings in BlackRock Multi-Sector Income Trust by 24.0% during the 4th quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,669 shares during the last quarter.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.